As per our research report, the Europe Aquaponics System market size is estimated to be growing at a CAGR of 14.5% from 2023 to 2030.
The pandemic had a mixed impact on the aquaponic systems market in Europe. On one hand due to disruptions in the supply chain, procurement and distribution of crops and fruits witnessed a slowdown, impacting the overall demand for aquaponic-produced food in the market. Moreover, labor shortage affected the production of aquaponic crops and declined its demand in the market.
Additionally, the closure of restaurants, cafes, hotels, and other food outlets declined the demand for aquaponic systems in the region, as they are the major consumers of aquaponic-produced crops.
However, the market witnessed a slight revival with the increase in digitalization during the pandemic, as food companies increased their online presence, particularly easy access to farmer’s markets and agri-retailers increased the demand for aquaponic crops by consumers from online platforms. In addition to that, rising health awareness among consumers, increased the demand for aquaponic vegetables, as consumers incorporated these into their daily diet to achieve good health and a balanced lifestyle.
Moreover, as per a report by the European Aquaponics Hub, consumer demand for locally produced food witnessed an increase of about 20% during the pandemic. Additionally, growth was witnessed in D2C sales for some aquaponic farms.
Post-pandemic the market for aquaponic systems in Europe is gaining momentum due to rising demand for natural and sustainable food products. Moreover, emerging agricultural start-ups are further boosting the market growth of aquaponic systems, as they not only enhance the lifestyle of consumers but also contribute to carbon footprint reduction. Additionally, companies and aquaponic farms are experimenting with new crops and are cultivating exotic crops, such as microgreens and specialty fish species to broaden their market presence and portfolio.
The restraints to this market include high initial investments and regulatory and certification challenges.
Based on market segmentation by produce, leafy greens & herbs hold the highest share of about 67% in the region. These crops are the most common type of crop grown and harvested in the region, and their market growth is attributed to increasing demand for organic and natural ingredient-based food products. Moreover, local markets, restaurants, and supermarkets are the major consumers of aquaponic-grown crops in the region. Furthermore, fish is the fastest-growing segment during the forecast period. Fish is a very common dish found in European cuisines, and is contributing towards aquaponics market growth due to rising marine pollution that damages fish health and eventually affects human health. Moreover, aquaponic systems offer an eco-friendly approach to growing fish species and help in reducing marine pollution. Furthermore, tilapia, trout, catfish, and carp are the major fishes produced by aquaponic systems in the region.
Based on market segmentation by system type, media-based aquaponics holds the highest share in the region. The system is a widely adopted aquaponic system in the region and has witnessed increased growth due to its versatility with a variety of crops and fruiting plants. Moreover, it is environmentally friendly in nature, as it uses gravel or clay pebbles for supporting plant growth. Additionally, it provides a habitat for beneficial bacteria that help in converting fish waste into plant nutrients. Furthermore, this aquaponic system is popular among small and medium-scale aquaponic operations, as it is simple to use and enhances the efficiency of crop growth. Furthermore, vertical aquaponics is the fastest-growing segment during the forecast period. These systems have become popular due to their compact size and have found increased applications in urban agriculture and indoor farming settings. Moreover, the vertical aquaponic system is cost-effective and offers higher crop yield, as it maximizes production in smaller areas. Additionally, they are suitable for year-round production and are versatile in nature, as they can be used to produce a variety of crops and fruits in the region.
Based on market segmentation by country, Germany holds the highest share of about 24.8% in the country. The growth is attributed to advancements in agriculture, technological innovation, and rising trends in sustainable food production. Furthermore, Germany has a well-established agricultural sector that caters to the increasing demand of consumers for locally sourced and fresh produce in the market. Furthermore, France is the fastest-growing country during the forecast period and is growing at a fast CAGR of 14%. Rising environmental awareness among consumers and trends in sustainably produced food products has contributed to the demand for aquaponics system in the country. Moreover, French consumers are increasingly demanding locally sourced, pesticide-free, and environment-friendly food products that induce aquaponic growers to diversify their crop production in the market.
Companies playing a leading role in the Europe Aquaponics System market profiled in this report are - ECF Farmsystems, UrbanFarmers, Ouroboros Farms, AquaBioTech Group, Bioaqua Farm, Les Nouvelles Fermes, FarmedHere, Ponix Systems, Edenworks, and GreenLife Aquaponic
Leafy greens & herbs
Fruit-bearing plants
Fish
Media-Based Aquaponics
Nutrient Film Technique Aquaponics
Deep Water Culture Aquaponics
Vertical Aquaponics
Others
U.K.
Germany
France
Italy
Spain
Rest of Europe
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